In this video, Energy Analyst Joel South takes a look at some very vocal dissent from TPG-AXON Capital, which has 4.5% ownership of Sandridge Energy, (NYSE: SD). They are frustrated with how long the stock price has continued to underperform the industry, and they are ready for a change, starting with the ousting of some of the top management, including the CEO. They're hoping this could curb what they see to be the company's reckless spending and incoherent strategy; South, however isn't quite so sure that these criticisms hit the mark.
How long can a stock underperform?
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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